Form 4: Jackson Financial Inc. CEO Laura Prieskorn Reports Acquisition of Dividend Equivalents
SEC Form 4 Filing
Laura Prieskorn, CEO, President, and Director of Jackson Financial Inc., reports the acquisition of dividend equivalents in the form of Restricted Share Units (RSUs) related to previously granted equity.
Summary
- On March 21, 2024, Laura Prieskorn, CEO, President, and Director of Jackson Financial Inc., acquired dividend equivalents in the form of Restricted Share Units (RSUs).
- These RSUs are subject to the same terms and conditions as the underlying equity granted on October 4, 2021, March 10, 2022, March 10, 2023 and March 10, 2024.
- The acquisitions resulted in a change in Ms. Prieskorn's beneficial ownership of Jackson Financial Inc. common stock, increasing her holdings to 396,568.09 shares.
- The RSUs vest in installments, with full shares distributed upon vesting and fractional shares applied to cover tax obligations.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports routine transactions related to executive compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/04/2021 | Date of underlying equity grant related to some of the acquired RSUs. |
| 03/10/2022 | Date of underlying equity grant related to some of the acquired RSUs. |
| 03/10/2023 | Date of underlying equity grant related to some of the acquired RSUs. |
| 02/01/2024 | Performance share units were converted into restricted share units upon certification. |
| 03/10/2024 | Date of underlying equity grant related to some of the acquired RSUs. |
| 03/21/2024 | Date of transaction: Acquisition of dividend equivalents in the form of RSUs. |
| 03/25/2024 | Date of Form 4 filing. |
| 04/04/2024 | Date when restricted share units cliff vest. |
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